Hydro Tasmania increased its profits under the carbon tax because electricity prices went up - it was a windfall gain requiring no investment.

Now the Tasmanian government wants the Coalition to compensate them when the carbon tax is torpedoed.

But Tasmanian Deputy Premier Bryan Green said the ‘’money flowing to Hydro Tasmania from the price on carbon is a significant boost to Tasmania’s budget, which helps pay for hospitals, schools and police’’, and he demanded details of how the Coalition would compensate for its loss.

What cheaper power? We produce the cleanest energy in Australia and we pay the highest electricity rates.

Andrew replied to MiltonG
Thu 28 Feb 13 (04:59pm)

LOL, Bryan GREEN! You can’t script this stuff.

shauno replied to MiltonG
Thu 28 Feb 13 (05:49pm)

Dont worry help is on the way with the Bob Brown memorial hydro dam on the Franklin and the Sarah Hansen-Young memorial coal fired power station on the Derwent. I’m working on a nuke power station next near Hobart no name yet.

Flappy replied to MiltonG
Thu 07 Mar 13 (02:46pm)

What Tasmanians need with the present government is one more dam built ASAP
Derwent Below Hobart should be a priority

Sigh! It used to be so easy. You plugged an appliance in, turned on the switch and voila! the thing would work. And, the bill for it and all the other things wouldn’t break the bank...Now, up here in godzone, thanks to Peter Beatty, we all have to mortgage our souls to have energy and, the way things are going, it will not be at all reliable…

Seriously kids, if solar was a valid money maker, Big (insert name here) would have risen up to claim the market share. It’s a hard concept to follow for some, but the reason we have ‘Big Oil’ and not ‘Medium’ or ‘You call that 6 inches’ Oil is they have been successful and played within the boundaries of what the market was willing to support.

That is the harsh truth to the world. If the market is not willing to support you, then you either die, or you get some sort of outside support to keep you alive and delay the termination. Moral high ground and ethics don’t enter into it.

Hydro Electric Tasmania has not built a new dam for 30 or 40 years but have recieved payment for power generated all that time.
Theoretically, power should be getting cheaper each year not dearer
Where has the money gone??